Baidu shares dropped 4.59% to $138.21 on February 4, 2026, amid a broader technology sector selloff driven by concerns over AI sector sustainability and weak private-sector job growth data.
- The decline coincided with the Nasdaq Composite falling 1.20% and investor worries following Anthropic's new AI tool announcement.
- The selloff was compounded by weak private-sector job growth (only 22,000 jobs added) and market rotation away from high-growth tech due to expectations of a more hawkish Federal Reserve.
- Baidu is scheduled to report its Q4 and full-year 2025 financial results on February 26, 2026.